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rn <br /> m � � � <br /> rnm � y rn <br /> o �� � �n �rn IV rn <br /> �, �o rn � � o <br /> o �z � � z� � � <br /> � �� � � �z � � <br /> `� z� �' � �rn � z <br /> a� �� p � �ov � Cn <br /> �� rn �� � <br /> rn� � � =c�r� � � <br /> �o � � � � <br /> �� r� <br /> a�o � �.�. Z <br /> o� � � � <br /> � Z <br /> � <br /> RETURN T�: <br /> Hame Federal Sa�i��gs&Loan <br /> P�Box 1��9 <br /> Grand Is�and,NE �880� <br /> � SUB�RDINAT��N AGREEMENT <br /> TH�S AGREEN��NT made and executed th�s �`�'' day of �. ,�4I5 by and b�tv��en <br /> H�ME FED�RAL SAV�NGS AND L�AN ASS���AT�C�N�F�RAND ISLA ,hereinafter refe��.•ed�o as <br /> "Subord�na�ing�redi�or"�vvhe�her nne or more�, and HDME FEDERAL SAVINC S AND L�AN ASSDCIAT��N <br /> �F GRAND ISLAND,hereinafter r�ferred to as"Secured Par�y". <br /> WITNESS�T�: <br /> �HEREAS,Jay C Anderson and Melissa Anderson,�vvhe�her one or mor��,hereinafter referred��as <br /> "Debtory',has gran�ed to the Subordinating�red��ar a Mor�gage ar D�ed of Trust da��d F�bruary 26,���5, and fiied <br /> of record in�he off ce of the�al�Gounty R.egis�e�•of Deeds, on�he 2��h day of February,�D I 5,as Do�umen�No. <br /> ���S�1�S? �n�-espec�to�ha�rea�esta�e descri�ed a�: <br /> Lot F�ft�en�15}, Westv�ood Park Six��� Subdi�i�ian, in�he���y of�rand Is�and,Hal�County,Nebraska. <br /> �VHEREAS,�he�Secured Pa�-ty has agreed to�n�er�n�a a laan transa��ion vvith�h�Debtor,whereby certain <br /> funds are to be advanced�o the Deb�or conditiona�upon the Deb�or pra��d�ng�he Secured Party w��h a f rst lien in <br /> respect to�he abo�e t�escr�bed rea�es�ate,hereinafter referr�d�a as the"�o�la��ral"; and <br /> '�1�HEREAS,�he Subord�na�ing Creditflr�s w�ll�ng to subordinate any l�en��may have in respec��a the <br /> �al�atera��y reason nf Subardinat�ng�redi�or's Mor�gage or De�d of Trust of re�ord�o perfect securi�y whene�er <br /> ar�d v�here��r filed�n order�o assure th�Secured Par�y of a f�rs�lien�os��ion�n and to�he Col�afieral; <br /> N��]V,THERE��RE,i�is agr�ed: � <br /> �. Th�Subord�nating�reditor hereby cansen�s to a subordination of��s pr�ori�y pasi�i�n���he Se�u�-ed <br /> Pa�.y and abrees�hat i�s �ien in respect�o�he Mor�gage ar Deed af Trus�hereinabove described, �f any,shal�at al� <br /> times be secondary�o�he exten�herei��p�-o��ded and su��ec�to the��e��of th�Secured Par�y in respec����he <br /> �o��a�era�. <br /> �. The Sub�rdina�ing Credi�ar hereby consents to�he D�b�or g�-an��ng Secure�Pa�a�rs��ien i��ail the <br /> Colia�eral as describ�d aba�re to secure indeb�eda�ess to be advanced�o Debtar by Secured Par�y, in���e origina� <br /> pr�ncipal amoun�of Four Hundr�d Seven�een Thousand& �41I�O�hs Doliars�$4�7,�44.�4},recarded in�he off�ce <br /> af�he Ha�l ��unty Reg�ster of De�ds on�he Z�fih day of February,��15, as Documen�Nfl. �D I��1��S. <br /> 3. S�long as an�bl�gatian�s ou�sfanding fram th�D�b�ar to�he Secured Par�y for indeb��dness evidenced <br /> by Prom�ssor�No�es or��her�ns�rumen�s of indeb�edness ta�h��xtent herein prov�ded in Paragraph 2,�h�Secured <br /> Par�y's ��at�r�st�n the Co��a���-al sha��ha�e priorit�#:a ov�r the lien�f th� Subordinating�red��or in�hat��llafieral, <br /> and�he Subordi��a�i��g Cred�tor's in�eres�in�ha��ollateral is, in aIl respects, su�jec�and subordinate�n�he secur�ty <br />